Friday, October 24, 2008

All 3 Majors Lost More Than 5% On The Week

A sharp decline in crude oil prices wasn't enough to keep stocks from falling this week, as investors braced for slow to negative growth in both domestic and foreign markets. Gold prices declined while the dollar gained considerable strength against the euro.

For the week, the DJIA lost 473.27 points (-5.346%), the NASDAQ Composite Index declined by 159.26 points (-9.306%), and the S and P 500 Index fell by 63.78 points (-6.781%).

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